In a report issued on May 18, Karen Short from Barclays maintained a Buy rating on Walmart (WMT – Research Report), with a price target of $160.00. The company’s shares closed last Thursday at $119.07.
According to TipRanks.com, Short is a 5-star analyst with an average return of 9.2% and a 63.9% success rate. Short covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Floor & Decor Holdings, and Grocery Outlet Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $156.65 average price target, a 29.6% upside from current levels. In a report issued on May 18, BMO Capital also maintained a Buy rating on the stock with a $165.00 price target.
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Based on Walmart’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $153 billion and net profit of $3.56 billion. In comparison, last year the company earned revenue of $152 billion and had a GAAP net loss of $2.09 billion.
Based on the recent corporate insider activity of 233 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WMT in relation to earlier this year.
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Walmart, Inc. boasts retail and wholesale businesses. It offers an assortment of merchandise and services at everyday low prices through its stores, Walmart.com and mobile apps. The company conducts its operations through three business segments: Walmart U.S., Walmart International, and Sam’s Club (membership-only warehouse clubs and samsclubs.com). The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.
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